South Korea’s foreign exchange trading fell in the third quarter owing to lower demand for some foreign currencies, South Korea’s central bank data showed Friday.
The daily average transaction of foreign currencies and foreign currency derivatives in the local inter-bank market came to 30.9 billion U.S. dollars in the July-September quarter, down 4.03 billion dollars from the previous quarter, according to the Bank of Korea (BOK).
It was caused by weaker demand for some foreign currencies.
Demand for FX swaps dipped 0.89 billion dollars to 14.26 billion dollars in the third quarter.—Xinhua
